Punctured Tire Solution (Humor)
Posted on August 10, 2009
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Got your tire punctured? Find below a smart and affordable solution to get to home or nearest auto workshop:
Niche Tire Marketing: Female Tire Tread Design (Pic.)
Posted on August 10, 2009
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Niche marketing is a powerful weapon to beat your competitors and get an extra market share. When we talk about tires - why not to do your marketing by gender?
Have a look at the below image - we do not discuss here safety or durability of this sort of tires, but the idea in general.
Continental Seeks The Way To Increase Their Share Capital
Posted on July 26, 2009
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Financial Times reports that the General Director of the Continental Dr. Karl-Thomas Neumann is going to discuss with the Supervisory Board a proposal to raise the share capital.
Board meeting scheduled for next week, after its end in the end of the July the decision on the integration of Continental and Schaeffler companies is to be presented.
The proposal to raise the capital may be seen as «an alternative to a junction with the Schaeffler”, notes the FT.
The publication also says that the recent plans for Continental to get control over a combination of the two companies through a junction with the Schaeffler, which has now 90% of the shares of Continental, were not highly acclaimed by the Schaeffler.
Schaeffler now will negotiate with its partners to postpone the payments on loans for two years. In the current conditions, the company must begin paying the first tranche of 500 million euros in January 2010. At the same time, Continental should be «in a hurry with the junction, or to increase the share capital», because the tire company should also pay 800 million dollars in August this year, and another 3.5 billion in 2010.
In doing so, Deutsche Bank analysts continue to express their support for Continental, noting that the company is growing despite the combination of adverse circumstances: «The heads of company have done a great job to fix the structure of company expenditures».
As reported by German business publication WirtschaftsWoche, Kuwait Investment Authorities (KIA) are considering investing in a Continental company.
The article, entitled «Continental: Automotive supplier is negotiating with Royal Investment Fund, the Emirate of Kuwait on possible investments» states that «Kuwaiti investors contacted Dr. Karl-Thomas Neumann in the last few days».
Investors also had a meeting in Hanover with the Prime Minister of Lower Saxony, Christian Wulff, to discuss the political prospects for potential investments.
The Rate Of Export Growth Of Chinese Tires Was Lower Than Expected
Posted on July 26, 2009
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Analysts of China Research and Intelligence (CRI) have noted that Chinese tire export continues to grow, but not at the expected rate.
In April 2009, the production of tires in China grew by 13.7% compared to the same period last year - up to 58.51 million units. According to the new figures, released by China Research and Intelligence (CRI), between January and April 2009 185.6 million tires were produced - 0.2% more than last year. In light of the difficulties faced by the suppliers of auto parts, including tire manufacturers in the past year some growth is likely to be observed. At the same time, CRI analysts noted that export volumes were «not so promising».
In the period from January to April, China exported 81.31 million tires at the total cost of 2.01 billion dollars (at 23.3% and 21% less compared to last year accordingly). In April, export amounted to 23.16 million tires (less than at 19.2%) at the cost of 580 million dollars (less at 16.1%).
Recalling the global economic crisis, it should be mentioned, that China suffered greatly because of export-oriented economy. Due to the import decrease in the USA, lots of Chinese manufacturers experienced problems, as the USA is the main importer of the Chinese goods, which buys almost 40% of Chinese export-oriented production. And the situation in tire business is the same, so it is not surprising, that Chinese tire export grows less, than it was previously expected.
